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OeNB Governor Nowotny Contradicts the Deutsche Bundesbank

Published: October 13, 2010; 19:17 · (Vindobona)

"The ECB should not give up purchasing bonds". Although the bond purchase program of the ECB was not needed in recent weeks, Nowotny wants to go on having it "in reserve”. The German Bundesbank warns of a too late withdrawal.

OeNB Governor Nowotny Contradicts the Deutsche Bundesbank / Picture: © Wikipedia / Christian Wirth (Wirthi)

The bond purchase program of the European Central Bank (ECB) should not be abandoned too early in the opinion of Council member Ewald Nowotny and would be useful as a safety measure. It was very efficient at the time when it was necessary, said Nowotny in an interview with Reuters Insider on Wednesday in New York.

It has practically not been used these last weeks. However,…

This article includes a total of 122 words.

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